New Mexico Statutes 7-9-41.3. Exemption; receipts from sales by disabled street vendors
Current as of: 2023 | Check for updates
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A. Exempt from payment of the gross receipts tax are receipts from the sale of goods by a disabled street vendor.
Terms Used In New Mexico Statutes 7-9-41.3
- Personal property: All property that is not real property.
B. As used in this section:
(1) “disabled” means to be blind or permanently disabled with medical improvement not expected pursuant to 42 USCA 421 for purposes of the federal Social Security Act or to have a permanent total disability pursuant to the Workers’ Compensation Act [N.M. Stat. Ann. Chapter 52, Article 1]; and
(2) “street vendor” means a person licensed by a local government to sell items of tangible personal property by newly setting up a sales site daily or selling the items from a moveable cart, tray, blanket or other device.